HomeMy WebLinkAboutKIN 70 2157 Payment installment
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'J!HR CœPOUTIOK 01' THE TOlIN OF KI
Br-L.Ø lID. 22157
WImIn!&.¢: it is provided by the Assessment kit 1 60, Cþap. 23)
Section 120, SUbsection S as amended, that the Coun 11 of a ~own may by
By-law 8lUthoriø the Treasurer 0:1{ Collector to rece ve in any year payment
em the account of the taxes far that year in advanc of the date fixed. bF
bytÞlaw for the payment of any instalment and to all a discount for suehl
payment.
JIB IT THEREFORK ENJCTKD and it is herebY' enact by the Council. o~
the Corporation of the Town of Kincardine as follow
J4. ']!he Treasurer may receive in. KIIK any year paym nts on account. of the
tax.. in advance of the date due and he is hereby a thori.... to alll*' 11\
discount on such taxes at a rate of discount accord ng to the following
schedule,which approximates as nearly as may be the ate of seven percent
per annuafar each period atated, notwithstanding t at such taxes have
not been leviedi and that the Assessment roll. for t1» year has not beeD!
adopted by the Council. when such advance payment is dlf. '!he said
schedule of discount allowed far the different peri dE of payment be as
followE:-
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Amounit 1st JaD.. 16th. Jan. l6th.Feb. l6th.Mar.
10. to to to
l5th.Jaa. l5th.Feb. l5th.Mar. l5th.Apr.
, 1 10.OCID 19.74. . 9.80 . 9.85> . 9.91
50.00 48.70 49.00 49.25 49.55
100.OCID 97.40 98.00 98.50 99.1Q!
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']!he cost of a certificate for any other amoun s than the above
shall be in the same pr oportiolill8 as the above cost ears to the amount
of tach certificate respectivel~, if the Council sh uld hereafter
issue prepayment certificates for the amount other han the above
amount s..
2. The Collector for the Town of Kinc..d1ne shal
postpaid to each ratepayer of the Town of Kincardin
with S~ction 115 of the Assessment Ac~, a notice on
written or printed a concise statement of the time
payment and rate of discounts allowed and at any
days after such no1"ice has first been given any ra
advantage of this by-law regarding payment and diwc
thereby.
deliver or JlUlil
in accordance
hich shall be
nd manner of
wi thin fourte en
payer may take
unt allowed
.
3. TAX Prepayment Certificates shall be sold dur
January, February, March, April and May, only in th
presentation of any certificates to the collector 0
date when taxes be come due, the purchaser shall be
equal to the face value of each such certificate pr
of taxes levied against the ratepayer presenting th
year the taxes are due.
~ '!his Boy-Law to be 1ft effect
READ a FIRS.T and BECON]) time this
the months of
yeaJr and on:
or before; the
llowed a credit
sented, on account
certificate in the
until repealed.
fifteenth day of
Octo~.!i!'.. _~ l~-JQ...
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Octobi:tr- ~-~-1:.{j -70
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READ a THmD TIME and FINALLY PASSED this
15th
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